$1.2 million gift supports Mackay School and tennis facilities

6/29/2010 - By: Staff Report

The University of Nevada, Reno is proud to receive support from Kevin and Michelle McArthur. The couple has gifted $600,000 in support of improvements to the University’s tennis facilities and another $600,000 to be added to the Mackay School of Earth Sciences and Engineering’s Goldcorp Endowed Chair in Minerals Engineering. Kevin McArthur is president and chief executive officer of Tahoe Resources, Inc., a Reno-based minerals development company. The donation represents the cash value of a stock grant received by McArthur in the company’s recent Initial Public Offering.

“We are very pleased to receive this tremendous gift from Kevin and Michelle,” said John Carothers, vice president for development and alumni relations. “Kevin’s professional achievements have been recognized by the Nevada Alumni Association and he’s given generously of his time on the University of Nevada, Reno Foundation Board of Trustees, including the Public Affairs and Advocacy and Investment Committees. We are immensely proud to have alumni like him who give back to their alma mater.”

“The athletics program is appreciative of the McArthur gift for our tennis facility,” said Athletic Director Cary Groth. “The McArthur’s have been so supportive of the University of Nevada and their recent commitment to Wolf Pack Athletics is just another example of their generosity. We are excited to add their name to an outstanding facility that represents the academic and athletic opportunities for our student athletes.”

“Kevin and Michelle’s generosity adds to the profile and prestige of the Mackay School. We are able to recruit and retain the best faculty because of our endowed chairs and professorships. This generous gift to the Goldcorp Chair contributes greatly to our mining engineering program, specifically our ability to expand minerals extraction and processing education,” said Jeff Thompson, dean of the College of Science. The Goldcorp Endowed Chair in Minerals Engineering position is held by Nevada graduate Carl C. Nesbitt, associate professor of metallurgical-minerals engineering, whose research focus is in carbon and recovering metals.

Kevin McArthur is the founder of Tahoe Resources and has more than 30 years in the industry in operational and senior management roles. Prior to forming Tahoe Resources, McArthur was president and chief executive officer of Goldcorp Inc. until his retirement at the end of 2008. This followed his 18 years at Glamis Gold Ltd., where he served as president and chief executive officer from 1998 until its acquisition by Goldcorp in November 2006. Before working with Glamis, McArthur held various operating and engineering positions with BP Minerals and Homestake Mining Company. He holds a bachelor’s degree in mining engineering from the University of Nevada. Tahoe Resources Inc. is a TSX-listed (THO) company led by experienced mining professionals focused on building a leading producer of precious metals. The company’s flagship Escobal project is located in southeastern Guatemala approximately 45 miles from Guatemala City.